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i'm worried about stalling the economy. in the meantime when we talk about raising taxes and what it would do to small business. democrats like to point out we would only raise taxes on 3% of small business owners. >> right. melissa: but that 3% generates 50% of the inme from small business. so they're hiringhe majori of people. to me that is going to cost us jobs. >> well,ou know what? i think that what will cost us jobs for sure is if we go off thissfiscal cliff, because it is not just about ising tacks. it is also about the debt ceiling. it is about unemployment insurance. we have number of key issues that absolutely have to be resolved byythe end of the month. i want to tell youomething, in spite of what it might look i'm actually optimistic i think this is the way negotiations happen. melissa: you are? >> in the political world, i am, i am. in the political world, you know 30 days is a litime. and so i believe that we will reach agreement. now what i don't believe will happen i don't believe we'll solve all the problem
i'm worried about stalling the economy. in the meantime when we talk about raising taxes and what it would do to small business. democrats like to point out we would only raise taxes on 3% of small business owners. >> right. melissa: but that 3% generates 50% of the inme from small business. so they're hiringhe majori of people. to me that is going to cost us jobs. >> well,ou know what? i think that what will cost us jobs for sure is if we go off thissfiscal cliff, because it is not...
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this impacts the economy. it is creating havoc with our economy and state. if they do not get it resolved, not only do we not have growth money which we are anticipating right now in utah, we could take as much of a $500 million loss in revenue streams because of not getting revenue. we are also saying that states are willing to do our part. we understand this will be a shared sacrifice asked you have to look at spending cuts. states are willing to do more with less. we are asking for more flexibility. it has been a common theme. take away some of the strings and we can do more with less. >> what exactly did you say to the president? >> well, and our case, we are here, not just as individual governors, really, our focus today was not to endorse a specific land, nor to dismiss a specific plan. we think it is important that we have a seat at this table and have points in it. concerns about the economy, concerns about the finances. really offering suggestions that we will follow up on as an organization. ways that we continue to highlight what is good for our s
this impacts the economy. it is creating havoc with our economy and state. if they do not get it resolved, not only do we not have growth money which we are anticipating right now in utah, we could take as much of a $500 million loss in revenue streams because of not getting revenue. we are also saying that states are willing to do our part. we understand this will be a shared sacrifice asked you have to look at spending cuts. states are willing to do more with less. we are asking for more...
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surprised if that wasn't going on because the magnitude of what this means to this country and the economy of this country is so profound that i would be shocked if, that there is --. melissa: well, i don't know. you're going back to giving them a lot of credit. i'm not sure i'm willing to go there with you. what do you think of tte fact boboth sides come out instantly after an offer is that it is terrible? president obama was out here, blink of the eye after republicans came out with their plan to say this is not in the spirit. >> today you're talking about? messa: yeah, today. what does that tell you? should we read anything into at or is that -- >> again i wl liken it to there are plenty o people far more ucated on this than i but from a negotiation standpoint i think again it is a lot out posturing. sending out your feelers. melissa: right. >> and seeing what the other side's rponse is to that and kind of figuring out what's the quasi-middle kbround. lissa: yeah. >> that is what the president is doing here, saying this isn't in the spirit what we'retrying to accomplish. melissa: right.
surprised if that wasn't going on because the magnitude of what this means to this country and the economy of this country is so profound that i would be shocked if, that there is --. melissa: well, i don't know. you're going back to giving them a lot of credit. i'm not sure i'm willing to go there with you. what do you think of tte fact boboth sides come out instantly after an offer is that it is terrible? president obama was out here, blink of the eye after republicans came out with their...
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. >> it is not leaving a strong economy, it is transforming the economy into a your -- european socialist. connell: thank you, monica. >> thank you. connell: we do have real numbers on the economy to talk about. today, we learned consumer spending is down for the month of october. not to worry says stuart hoffman. he joins us from pittsburgh. >> it is a deal when consumer spending falls. we should put it in context. in july, august and september contributors had a pretty good rebound. as you said, some of the hurricane sandy koufax did affect this number we will find out on monday whether the sales came back when they announced november numbers. if you average this out, we saw, even in our company, a decline in sales of our merchant services. we have seen more of a return to normal and i was encouraged, but i guess it is now black thursday to cyber monday sales look pretty good. connell: everyone says, all right, well, what if we do not get there in terms of this washington self that monica was just talking about and we do not have a deal at the end of the year. does that didn't stop us i
. >> it is not leaving a strong economy, it is transforming the economy into a your -- european socialist. connell: thank you, monica. >> thank you. connell: we do have real numbers on the economy to talk about. today, we learned consumer spending is down for the month of october. not to worry says stuart hoffman. he joins us from pittsburgh. >> it is a deal when consumer spending falls. we should put it in context. in july, august and september contributors had a pretty good...
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how is business in this economy? let's take a look at some of the winners on the nasdaq. ♪ want to try to crack it? yeah, th's the way to do it! now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and personal attention. which is why we are proud to partner with health care professionals who understand the difference that quality time with our members can make... that's a very nice cake! ohh! [ giggles ] [ male announcer ] humana thanks the physicians, nurses, hospitals, pharmacists and oth health professionals who helped us achieve the hhest average star rating among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we're able to provide... which means better health outcomes... and more quality time to share with the ones o matter most. i love you,randma! [ male announcer ] humana. ♪ connell: kobe bryant from the
how is business in this economy? let's take a look at some of the winners on the nasdaq. ♪ want to try to crack it? yeah, th's the way to do it! now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and personal attention. which is why we are proud to partner with health care professionals who understand the difference that quality time with our members can make... that's a very nice cake! ohh! [ giggles ] [ male announcer ] humana thanks the...
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Nov 30, 2012
11/12
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economy more we expect in 2013. longer we delay more economic impact we have and that is starting to weigh on our earnings estimates. >> your client tele, pension funds, hedge funds, institutional investors. what do those guys say what is going on? >> try to weigh all the different data points coming in. it is difficult to get a read through as you mentioned on the fourth quarter because of the hurricane. tracy: right. >> there is generalized improvement in housing but nobody is really sure how long tailed that improvement might be. if the economy is really decelerating in the short term. i would say we're getting a feel where we're headed in 2013. investors are loathe to avoid equities because the fed is clearly backstopping from a monetary perspective but at the same time they're somewhat afraid what could happen at the fiscal level. tracy: you're having to move into more defensive sectors in the s&p. does that mean you say take gains now while taxes are somewhat certain and move yourself into sectors like health
economy more we expect in 2013. longer we delay more economic impact we have and that is starting to weigh on our earnings estimates. >> your client tele, pension funds, hedge funds, institutional investors. what do those guys say what is going on? >> try to weigh all the different data points coming in. it is difficult to get a read through as you mentioned on the fourth quarter because of the hurricane. tracy: right. >> there is generalized improvement in housing but nobody...
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Nov 29, 2012
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that will hurt our economy and cost american jobs. republicans have taken action to revert the fiscal cliff. to replace the sequestered and paid way for tax reform and entitlement reform. we are the only ones with a balanced plan to protect the economy, protect american jobs and protect the middle class from the fiscal cliff. without spending cuts and entitlement reform, it will be impossible to address our countries debt crisis and get our economy going again and create jobs. right now, all eyes are on the white house. our country does not need a victory lap, it needs leadership. it is time for the president and congressional democrats to tell the american people what spending cuts they are really going to make. with that, i will take a few questions. [inaudible question] >> we have outlined very specific proposals that we passed in last year's budget and the budget before. we know what the venue is. what we do not know is what the white house is willing to do to get serious about solving our debt crisis. [inaudible question] >> i am
that will hurt our economy and cost american jobs. republicans have taken action to revert the fiscal cliff. to replace the sequestered and paid way for tax reform and entitlement reform. we are the only ones with a balanced plan to protect the economy, protect american jobs and protect the middle class from the fiscal cliff. without spending cuts and entitlement reform, it will be impossible to address our countries debt crisis and get our economy going again and create jobs. right now, all...
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growing the economy, really how you provide additional revenues to pay the bills. that ought to be a part of the equation too. both sides know there has to be some spending cuts. and also that means entitlements. we've talked in terms of what we can do with medicaid reform and things we can do with entitlements where we the states can do more with less and help them with some of their entitlement reform. raising revenue and cutting spending, clearly that is the two issues on the table. i'm hopeful that the president, the executive branch, the congress can come together. ashley: i mean is this something going on in private that gives you more hope right now something will get done before we go over the cliff? i mean what's your sense? you've met with the president. i believe you will be meeting with speaker boehner later on this afternoon. what's yourrsense right now? >> well, i'm anxious to hear what speaker boehner and majority leader reid have to say to us also and see what congress's side of the issue is. but i believe the pressures will come to be they have got
growing the economy, really how you provide additional revenues to pay the bills. that ought to be a part of the equation too. both sides know there has to be some spending cuts. and also that means entitlements. we've talked in terms of what we can do with medicaid reform and things we can do with entitlements where we the states can do more with less and help them with some of their entitlement reform. raising revenue and cutting spending, clearly that is the two issues on the table. i'm...